Accor SA Correlations

ACRFF Stock

USD 44.45 0.35 0.78%

The current 90-days correlation between Accor SA and InterContinental Hotels Group is -0.26 (i.e., Very good diversification). The correlation of Accor SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Accor SA Correlation With Market

Very good diversification

The correlation between Accor SA and DJI is -0.34 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Accor SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Accor SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accor SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Accor SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Accor SA to buy it.

Moving together with Accor Pink Sheet

0.64	MAR	Marriott International	Pair Corr
0.76	HLT	Hilton Worldwide Holdings	Pair Corr
0.77	IHG	InterContinental Hotels	Pair Corr
0.8	ICHGF	InterContinental Hotels	Pair Corr
0.82	ACCYY	Accor SA	Pair Corr
0.82	WTBCF	Whitbread plc	Pair Corr
0.77	WH	Wyndham Hotels Resorts	Pair Corr
0.77	CHH	Choice Hotels Intern	Pair Corr
0.81	LLYVK	Liberty Media	Pair Corr
0.65	APLD	Applied Blockchain Trending	Pair Corr
0.69	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.76	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.7	NDAQ	Nasdaq Inc	Pair Corr
0.74	PYPL	PayPal Holdings	Pair Corr
0.69	MSTR	MicroStrategy Incorporated Aggressive Push	Pair Corr
0.81	BWXT	BWX Technologies Sell-off Trend	Pair Corr

Moving against Accor Pink Sheet

0.68	BKRKY	Bank Rakyat	Pair Corr
0.63	PPERF	Bank Mandiri Persero	Pair Corr
0.61	BKRKF	PT Bank Rakyat	Pair Corr
0.55	PPERY	Bank Mandiri Persero	Pair Corr
0.79	SHG	Shinhan Financial	Pair Corr
0.46	PHIL	PHI Group	Pair Corr
0.37	EATBF	Eat Beyond Global	Pair Corr

Related Correlations Analysis

	MAR	HLT	IHG	ACCYY	WH	CHH
MAR		0.86	0.81	0.63	0.79	0.84	MAR
HLT	0.86		0.98	0.81	0.87	0.94	HLT
IHG	0.81	0.98		0.82	0.86	0.92	IHG
ACCYY	0.63	0.81	0.82		0.78	0.82	ACCYY
WH	0.79	0.87	0.86	0.78		0.95	WH
CHH	0.84	0.94	0.92	0.82	0.95		CHH
	MAR	HLT	IHG	ACCYY	WH	CHH

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Accor Pink Sheet performing well and Accor SA Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Accor SA's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MAR	0.94	0.35	0.19	(134.74)	0.74	(1.06)	2.12	(1.60)	7.95
HLT	0.79	0.11	0.11	0.22	0.81	(0.86)	2.06	(1.65)	5.61
IHG	0.87	0.22	0.23	0.30	0.60	(1.02)	2.10	(1.22)	5.83
ACCYY	1.36	0.06	0.01	0.21	1.69	(1.52)	3.29	(2.45)	10.26
WH	1.13	0.23	0.19	0.33	0.89	(1.42)	2.63	(1.91)	12.06
CHH	1.05	0.17	0.13	0.31	0.91	(1.25)	2.47	(1.86)	7.70

Be your own money manager

Our tools can tell you how much better you can do entering a position in Accor SA without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Equity Search Now

Equity Search

Search for actively traded equities including funds and ETFs from over 30 global markets

All Next

Launch Module

Accor SA Corporate Management

Sami Nasser	East Middle	Profile
Floor Bleeker	Chief Officer	Profile
Arnaud Patat	VP HotelInvest	Profile
Christian Flaesch	VP Security	Profile
Charlotte Thouvard	VP Communications	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC